Key facts
- The EU will join the US-led Pax Silica initiative.
- Pax Silica focuses on securing supply chains for AI chips and critical minerals.
- The initiative aims to counter China's influence in these sectors.
- The EU recognizes its dependence on the U.S. for near-term supply chain security.
The global competition to secure supply chains for critical technologies like AI chips and essential minerals is intensifying. Initiatives like Pax Silica reflect efforts by nations to build alliances and reduce reliance on single sources, particularly in the context of geopolitical rivalries. The EU's decision highlights its strategic considerations in balancing global partnerships for technological and economic security.